Boston Partners Has $22.59 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Boston Partners raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 738,070 shares of the real estate investment trust’s stock after acquiring an additional 33,602 shares during the quarter. Boston Partners owned about 0.47% of Cousins Properties worth $22,592,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Cousins Properties by 3,768.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after purchasing an additional 2,276,986 shares during the period. Rush Island Management LP acquired a new position in Cousins Properties in the 3rd quarter worth $46,393,000. Principal Financial Group Inc. lifted its holdings in shares of Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after purchasing an additional 1,350,352 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock valued at $32,823,000 after acquiring an additional 895,917 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Cousins Properties during the fourth quarter worth $25,148,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CUZ. Jefferies Financial Group assumed coverage on Cousins Properties in a report on Monday. They issued a “buy” rating and a $35.00 price objective for the company. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.89.

Cousins Properties Price Performance

CUZ stock opened at $29.83 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The company’s 50-day moving average is $29.93 and its 200-day moving average is $30.17. The stock has a market capitalization of $5.00 billion, a PE ratio of 99.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s payout ratio is 426.67%.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.